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Title: Decision making in British forest management for the private woodland owner by means of simulation and integer programming
Author: Williamson, J. D. A.
Awarding Body: University of Aberdeen
Current Institution: University of Aberdeen
Date of Award: 1975
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This is a study of methods whereby decisions on thinning and felling forest stands can be made relevant to the primary objective of a forest enterprise. Various investment criteria are considered and guidelines on the criterion that should be applied to a given situation in forestry are given. Maximising the present worth of an estate is taken as the most suitable financial objective for most forestry enterprises in Britain. A method is produced to estimate the most appropriate discount rate to use taking into account both death duty risks and diversification of the total investment portfolio; and a model is developed to simulate the effect of different management decisions on the value of the investment criterion. Several methods of maximising the investment are considered and an integer programming solution is used in an attempt to choose near optimal management decisions.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available